In light of recent events in the crypto industry, it’s becoming increasingly important for Kraken clients and industry participants to understand the significance of Proof of Reserves (PoR) at Kraken. This technique, one that is only possible in the new world of cryptocurrency, is a way for Kraken clients to verify whether or not their account balances were included in…
Chainlink raced to a 20-day high on Nov. 29, as the token surged for a second straight day. Cryptocurrency markets were mostly higher in today’s session, following a sluggish start to the week. Dogecoin was another notable gainer on Tuesday, as the meme coin rebounded from yesterday’s losses. Chainlink (LINK) Chainlink (LINK) climbed to its highest point in three weeks…
Bitcoin (BTC) held crucial $16,000 support into Nov. 29 as bulls weathered ongoing FTX fallout and macro triggers. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader teases BTC long as $16,500 reappears Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD leaving lower levels untouched overnight. The pair had seen a flash downturn after the Nov. 27 weekly close thanks…
The Solana-based decentralized exchange (DEX) has notified its community that the collapse of its backers — Alameda and FTX — has rendered its program “defunct”. The team behind the project shared that “there is hope”, in spite of its ongoing challenges, because of the community option available to “fork” Serum. What’s next for @ProjectSerum With the collapse of Alameda and…
In brief ApeCoin (APE)’s price is up 31% over the past week, with gains well beyond most major cryptocurrencies and tokens. Staking rewards will launch in December. Bored Ape and Mutant Ape NFT floor prices are also up 34% over the past week. ApeCoin (APE), the Ethereum-based token created for the growing Bored Ape Yacht Club ecosystem, is outperforming most…
This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience. Everybody loves charities. They help the poor. They provide for the needy. They reduce suffering. They make society better… right? Billions of dollars go toward all sorts of charities every year and most people view charities as a…
Overview Daily spot trading volume: $1.14 billion, 30 day average spot: $774.3 million. Total futures notional: $71.4 million. The top five traded coins were, respectively, Tether (↑0.01%), USD Coin (↑0.01%), Bitcoin (↓1.3%), Ethereum (↓2.1%), and Dai (↓0.01%). Strong returns from Oxygen (↑25%), pSTAKE (↑18%), and My Neighbor Alice (↑17%). The post Kraken Daily Market Report for November 28 2022 appeared…
With non-fungible token (NFT) sales a lot lower than they were at the start of the year, NFT companies and marketplaces are feeling the pain associated with the second-largest crypto winter to date. According to a report published on Monday and “multiple people familiar with the situation,” the NFT company Candy Digital is laying off over a third of the…
Some non-whale Bitcoin (BTC) investors seem to have had zero issues with the cryptocurrency bear market as well as fear, uncertainty and doubt (FUD) around the fall of FTX, on-chain data suggests. Smaller retail investors have turned increasingly bullish on Bitcoin and started accumulating more BTC despite the ongoing market crisis, according to a report released by the blockchain intelligence…
Bitcoin (BTC) bulls were hopeful that the Nov. 21 dip to $15,500 would mark the cycle bottom, but BTC has not been able to produce a daily close above $17,600 for the past eighteen days. Traders are clearly uncomfortable with the current price action and the confirmation of BlockFi’s demise on Nov. 28 was not helpful for any potential Bitcoin…
